Board Question Paper : March 2018 — Elements of Account STD 12 Commerce — Question
Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountBoard Question Paper : March 20181 Mark
Question
What is under-subscription and over-subscription of shares ?
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Answer
When applications are received for less number of shares than the shares issued for public subscription, it is known as under subscription. When applications are received for more number of shares than the shares issued for public subscription, it is known as over subscription.
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